Meta introduces special designed Earth Day stickers
This Earth Day, global social media company Meta is announcing simple, yet impactful ways that people can learn more about climate change and take action. The company is also rolling…
BankIslami Plant-a-Hope IV: Planting trees, commemorating Earth Day
Working to counter the deterioration of the environment, BankIslami, the 2nd largest Islamic bank of the country with 340+ branches in 123+ cities, has organized yet again a tree plantation…
Dr.Sara Saeed Khurram Co-founder Sehat Kahani join the World Economic Forum’s Young Global Leaders Class of 2022
Dr. Sara Saeed Khurram, Co-founder and CEO-Sehat Kahani joins world's most driven researchers, innovative entrepreneurs, activists and promising political leaders between the ages of 30 and 40 as World Economic…
Zong Sustainability report 2021 highlights transformation of over 10 million lives
Zong, Pakistan's cellular and digital services frontrunner, has launched its Sustainability Report 2021, highlighting the powerful impact that the company made last year on over 10 million lives across 9…
Shell Pakistan announces PAT of PKR 2,079 million in Q1 2022
The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter results for the company on 21st April. The company posted a profit after tax of PKR 2,079…
Schneider Electric introduces easy micro data centers
Schneider Electric™, the leader in digital transformation of energy management and automation, has announced it has expanded its Micro Data Center solutions portfolio with the introduction of the Easy Micro…
SBP reserves increased by US$ 36 million
The total liquid foreign reserves held by the country stood at US$ 17,045.0 million as of 16-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
PSX market remained under pressure today due to further devaluation of PKR
· Market remained under pressure today due to further devaluation of PKR against the US Dollar and concerns over spikes in market treasury bill yields. Despite opening in the green…
Syed Faisal Ali Subzwari, visited KPT Head Office today
Federal Minister for Maritime Affairs, Syed Faisal Ali Subzwari, visited KPT Head Office for introductory briefing after taking Oath as Minister Maritime Affairs. The Hon ' Minister was given warm…
Nestlé’s first quarter results reflect continuation of steady recovery
Nestlé Pakistan posted a revenue of PKR 37.8 billion for the first quarter of the year, with a growth of 16.8% compared to the same period last year, continuing its…
Engro Corporation announced an interim cash dividend of PKR 12/- per share for the first quarter
Pakistan's premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31, 2022. Overview of Financial Performance During the first quarter, Engro Corporation's standalone profitability…
Urea prices increased by PKR100/bag, experts
The KSE100 has slipped this week, tracking renewed PKR depreciation. Today, it could be impacted by the surge in T-Bill yields, by 55-70bps vs. the previous auction to 13.50%-13.85%, again…
Avanceon and Octopus Digital – outlook
The management team of Avanceon Limited and Octopus Digital Limited conducted a webinar today, where they shed light on CY21 financials and outlook. To note, AVN posted PAT of PKR…
The 11th Edition of IDEAS-2022 is scheduled from 15-18 November 2022 at Karachi Expo Centre
International Defence Exhibition and Seminar (IDEAS) is a mega event in South Asia; biennially organized by Defence Export Promotion Organization (DEPO) in Pakistan. Owing to global pandemic and consequent restrictions…
ENGRO: EPS forecasted to be PKR 14.49 in 1QCY22
Engro Corporation Limited (ENGRO) is anticipated to announce its 1QCY22 financial result on 21st Apr'22, where we expect company's consolidated earnings to be stable at PKR 8,348mn (EPS: PKR 14.49).…
KAPCO sitting on huge cash, result on April 21
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 3QFY22 financial result on Apr 21st 2022. We expect, the company to post a profit after tax of PKR…
Pakistan fertilizer industry passing on PKR 900 billion benefit to farmers
The local fertilizer Industry is providing urea at around 84% discount, equivalent to PKR 9,823 per bag, and is expected to enable import substitution of USD 5.3 billion in 2022.…
FrieslandCampina Engro Pakistan Limited posts strong financial results in Q1, 2022
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1 on April 20, 2022. The Company reported revenue of PKR 14 billion in the first quarter, show casing 20.7%…
Profit taking continued at PSX today
· Profit taking continued at PSX today, KSE-100 index opened positive but could not sustain in green zone as profit taking dragged the index down to red zone due to…
Infinix celebrates Ramadan expressing generosity with world-wide consumer base
Infinix announced its celebration of the holy month of Ramadan with consumers all around the world. There are over 2 billion people celebrating the start of Ramadan today worldwide, many…
66% of People in Asia Pacific and Japan believe bots will succeed where humans have failed with corporate sustainability
People around the world are demanding more progress on sustainability and social efforts and are looking to businesses to step up, according to a new study by Oracle and Pamela…
Engro Fertilizer plans expansion on completion of old plant’s BMR
According to Engro Fertilizers (EFERT), their both plants are operating at maximum capacity. However, old plant will undergo a 50-60 days' turnaround whereas Enven plant is expected to stay operational…
Boskalis awarded significant export cabling contract
Boskalis has been awarded a contract for the transportation and installation of the export cables for a large offshore wind farm development. The value of this contract for Boskalis is…
Maple Leaf Cement reports consolidated PAT of PKR 1,563mn 3QFY22 today
Maple Leaf Cement Factory Limited (MLCF) announced the financial result for 3QFY22 today, posting a consolidated Profit after Tax (PAT) of PKR 1,563mn (EPS: PKR 1.42) compared to PKR 1,223mn…
Engro Fertilizer expects urea demand can reach 6.5mn tons in 2022
Urea industry sales have increased by 17% YoY to 1.6mn tons in 1Q2022 compared to 1.4mn tons in 1Q2021. The growth in Urea demand has resulted from improved farm economics…
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